MSC Air Cargo, the new cargo airline of Switzerland-based ocean shipping line Mediterranean Shipping Company (MSC), is set to launch its first intercontinental air cargo service in December. “Our first of four 777-200F is fresh off the line and ready to operate our inaugural round-the-world service,” MSC said in Monday's schedule notice. “Beginning in early
Air cargo rates are softening further as the market moves deeper into the fourth quarter amid a discernible lack of peak this year. “October air cargo yields saw continued sequential deceleration from mid-year levels and perhaps even faster than we expected,” said Bruce Chan, director and senior analyst of global logistics and future mobility at
Regional challenges continue to affect airfreight volumes at airports globally as European hubs experience congestion and reduced volumetric growth while Asian-Pacific and North American airports are benefiting from capacity increases and lifted travel restrictions. Cargo throughput has declined an average of 4% year over year, according to an Air Cargo World analysis of airport
Finnair Cargo is relaunching flights this winter after 2020 and 2021 cancellations, adding additional capacity from its Helsinki hub (HEL) to India, Japan, Korea, Thailand and the United Arab Emirates. During the COVID-19 pandemic, Finnair was one of the many airlines that launched cargo-only flights with passenger aircraft that it has since reconfigured for passenger
Airfreight rates ex-China are declining before peak season, an anomaly for the winter, amid a return of summer capacity and the reopening of Hong Kong for tourists. Rates this week from China to Europe and the U.S. are $5.72/kg and $6.48/kg, 15% and 35% lower, respectively, compared with the same week in 2021, according to